At 11:41 AM 9/24/04 -0500, Vickie Heller wrote: > >I spend a lot of time researching tax records.... >A random example that I came across the other day: 4200 Dupont Ave N. >Purchased in 2001 for $185,000, current tax value is $122,900. Why? SNIP
When my husband and I bought a house that needed all new plumbing, wiring, roof repair, etc., we were in exactly this situation. The city was nice enough to revaluate our property after we had taken out the old iron (plugged and unusable) pipes, had started rewiring and so on. The actual value of the house in its state of rehabilitation was less than we paid for the house and the city adjusted our property tax valuation to ACCURATELY reflect that. In return, the house quickly moved up in valuation and the city has made a bundle on it since. I understood at the time that when homeowners contact the city with this explanation, it was pretty much standard that the city wwould try to work with the homeowner to free up the cash needed to buy all those ABS elbows and t's. THe proceedure was to reset the property valuation to correctly reflect what's going on in the house. Face it: a house with electrical access holes in the walls and no kitchen sink is worth a lot less than it was worth when the walls were intact (but the wiring dangerous) and the kitchen sink could at least produce a trickle of water. I'd suggest that before you cry "foul" you hop in your car and check out the properties in question. There is probably more good things going on than is you can detect from the lists you are reading. >Vicky Heller >North Oaks and Cedar-Riverside for a few more months Heading for the sunny south? I hope you enjoy it! AZ or Texas or where? Emilie Quast SE Como REMINDERS: 1. Think a member has violated the rules? Email the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
